A lien is a claim against an asset, often to get a loan. All debts related have to be paid before it is removed.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The correct answer is $10,014.40.
Explanation:
According to the scenario, computation of the given data are as follows:
Total cost of assembling = $6.56 × 240 = $1,574.40
Total cost of processing customer order = $65.38 × 48 = $3,138.24
Total cost of setting up batches = $82.84 × 64 = $5,301.76
So, we can calculate the total overhead cost by using following formula:
Total Overhead = $1,574.40 + $3,138.24 + $5,301.76
= $10,014.40
Business net income $130,000
Dividends $2,000
Long-term capital gain $5,000
Short-term capital loss $10,000
$130,000 + $2,000 + $5,000 = $137,000
$137,000 - $10,000 = $127,000
Based on my these figures, Barton’s taxable income is $127,000.
Answer: c). Ron should send a prospecting letter to see if there are any unadvertised openings
Explanation: Since Ron is interested at working at Gas’N’Go, but is unable to find an opening on the company Web site he should try and send a prospecting letter to see if there are any unadvertised openings. It might happen at times that companies do not post online for certain positions. but when Ron send a letter he might have a chance to get a call from them.
